Lead Assistant Manager

2 days ago


India Noida Noida Centre Insurance Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Key Responsibility Areas including preferred Skills and Experience

  • Handling reinsurance contracts- Treaty, FAC set-up 
  • Perform cession calculations and validate, ceded premium and loss results from the reinsurance system
  • Preparing bordereaux, XOL and FAC billings to be sent to brokers/Reinsurers
  • Collection of open recoverable, handle market queries
  • Invoice review, Receivable/Payables reconciliation & settlement, agree LORS settlements
  • Cash reconciliation and allocation
  • Manual JE prep / support/ Topside allocation
  • Deposit premiums adjustments 
  • Management reporting 
  • Regulatory reporting 

Competencies: 

  • Good communication both written, verbal, and analytical skills
  • Good decision-making skill 
  • Committed to achieving specific objectives and takes ownership for accomplishing them.
  • Effectively balances quality, customer service and productivity standards
  • Ability to prioritize & multi-task
  • Exhibits meticulous attention to detail
  • Good problem solving & analytical skills 
  • Capable of working with tight deadlines and working under pressure

Eligibility Criteria: 

  • Bachelor's degree or Post Graduate in Commerce with overall 8+ years of experience for LAM
  • 2+ years of experience in the field of Reinsurance operations or accounting for LAM and client management experience
  • Proficiency in MS Excel (IF functions, VLOOKUP, HLOOKUP, PIVOT, INDEXMATCH) and PowerPoint 
  • Desirable-Certification in P&C Insurance
  • Knowledge of London Market reinsurance preferred

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